FCMB Group Plc’s dates back to 1977, with the formation of City Securities Limited (CSL), a stockbroking, issuing house and registrar business. CSL rapidly climbed the ranks of leading issuing houses and brokers between 1977 and 1982, handling the listings and initial public offers of many of the leading companies on the Nigerian Stock Exchange (NSE).
First City Merchant Bank Limited was established in 1982 with capital from the success of CSL. It began operations as a licensed deposit and merchant bank on 11 August 1983 assuming the corporate finance and issuing house activities of its parent CSL and becoming the first Nigerian merchant bank to be established without any government or international support.
First City Merchant Bank Limited became a leading merchant bank in Nigeria, as measured by profitability, and, in 2000, the first and only merchant bank to achieve N1 billion profit. With the advent of universal banking in 2001, First City Merchant Bank Limited converted into a universal bank. It changed its name to First City Monument Bank Limited and commenced commercial banking activities, while its corporate finance activities were forged into a new subsidiary – FCMB Capital Markets Limited.
In 2004, the bank changed its status from a private limited liability company to a public limited liability company, and was listed on the NSE in December of that year. In 2010, the Central Bank of Nigeria (CBN) issued Regulation 3 (Scope of Banking Activities and Ancillary Matters, No. 3, 2010), which required all banks to divest their non-banking businesses or retain them under a CBN-approved financial group structure.
As a result of this reorganization, the newly created FCMB Group Plc became the holding company, with First City Monument Bank Plc (FCMB Plc), CSL Stockbrokers Limited (CSLS) and FCMB Capital Markets Limited (FCMB-CM) as direct subsidiaries. Shareholders of FCMB Plc were also moved to FCMB Group Plc via a one-for-one share exchange between FCMB Group Plc and FCMB Plc. FCMB Plc, the bank, was thereafter re-registered as a limited liability company, becoming First City Monument Bank Limited (FCMB Limited). In 2014, CSL Trustees Limited also became a direct subsidiary of FCMB Group Plc.
FCMB Group Plc is listed on the Nigerian Stock Exchange (NSE) with the ticker symbol (FCMB) and has 19,802,710,781 ordinary shares held by over 522,000 shareholders. FCMB Group Plc and its subsidiaries each function as separate and distinct operating companies with separate Boards of Directors and Executives.
What is FCMB Internet/Mobile Banking App?
Do you know you can send money to family, friends, colleagues and clients at the comfort of your home. Do you know you can skip queues in banks and go about your transaction with ease. Its simple and fast with the First City Monument Bank (FCMB) mobile banking application and online banking you can do all the above mentioned.
Benefits of FCMB Mobile Banking App
- Access your account in real time,
- Check account balance in real time,
- Make transfers locally or internationally in real time.
- Convert foreign currency to local currency.
- Pay utility bills such as ( PHCN, Telecommunication, cable Tv,
- Request, stop and confirm cheques.
- Book airline tickets for flights
How to Download the FCMB Mobile Banking App
To download the FCMB Mobile App do visit your app store of your device and search for FCMB Online or FCMB Mobile.
Android device users should visit play store to download FCMB mobile banking application.
I-phone user should visit the apple store to get the mobile application
Visit windows market place if you are using a windows phone.
How to Register for FCMB Mobile App
FCMB mobile application is user friendly and the registration is very easy.
Fill in the appropriate details in the columns provided
If you intend using the FCMB Internet Banking portal with your laptop follow the instructions below:
How to Register for FCMB Internet Banking
To register for FCMB internet or online banking, it doesn’t require any application, just an internet enabled device.
- Click on register now
- Read through the terms and conditions thoroughly to ensure the conditions are OK with you.
- Fill the forms
- Click on submit
You can also register for this services using your ATM card. Thus you must have an ATM card for an easier registration for these banking services.